Vaneck Intermediate Muni Etf Market Value
| ITM Etf | USD 46.38 0.19 0.41% |
| Symbol | VanEck |
The market value of VanEck Intermediate Muni is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Intermediate's value that differs from its market value or its book value, called intrinsic value, which is VanEck Intermediate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VanEck Intermediate's market value can be influenced by many factors that don't directly affect VanEck Intermediate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VanEck Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Intermediate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
VanEck Intermediate 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to VanEck Intermediate's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of VanEck Intermediate.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in VanEck Intermediate on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Intermediate Muni or generate 0.0% return on investment in VanEck Intermediate over 30 days. VanEck Intermediate is related to or competes with SSGA Active, SPDR MarketAxess, and SSGA Active. The fund normally invests at least 80 percent of its total assets in fixed income securities that comprise the index More
VanEck Intermediate Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure VanEck Intermediate's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess VanEck Intermediate Muni upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3063 | |||
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 1.6 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.3687 |
VanEck Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Intermediate's standard deviation. In reality, there are many statistical measures that can use VanEck Intermediate historical prices to predict the future VanEck Intermediate's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.42) | |||
| Treynor Ratio | 0.0637 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Intermediate's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
VanEck Intermediate Muni Backtested Returns
As of now, VanEck Etf is very steady. VanEck Intermediate Muni owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0237, which indicates the etf had a 0.0237% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Intermediate Muni, which you can use to evaluate the volatility of the etf. Please validate VanEck Intermediate's Risk Adjusted Performance of (0.01), semi deviation of 0.2733, and Coefficient Of Variation of 9028.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0065%. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck Intermediate are expected to decrease at a much lower rate. During the bear market, VanEck Intermediate is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
VanEck Intermediate Muni has poor predictability. Overlapping area represents the amount of predictability between VanEck Intermediate time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of VanEck Intermediate Muni price movement. The serial correlation of 0.25 indicates that over 25.0% of current VanEck Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
VanEck Intermediate Muni lagged returns against current returns
Autocorrelation, which is VanEck Intermediate etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting VanEck Intermediate's etf expected returns. We can calculate the autocorrelation of VanEck Intermediate returns to help us make a trade decision. For example, suppose you find that VanEck Intermediate has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
VanEck Intermediate regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If VanEck Intermediate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Intermediate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Intermediate etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Intermediate Lagged Returns
When evaluating VanEck Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Intermediate etf have on its future price. VanEck Intermediate autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, VanEck Intermediate autocorrelation shows the relationship between VanEck Intermediate etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Intermediate Muni.
Regressed Prices |
| Timeline |
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VanEck Intermediate technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.